Property Listing
Description
Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres. This is true turnkey investing—all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring modern, low-maintenance finishes including LVP flooring, stainless appliances, spacious kitchens with islands, in-unit laundry, and separate HVAC systems. Private patios/decks, strong natural light, and ample off-street parking enhance tenant appeal and support consistent occupancy. Investment Highlights: 17,208 finished sq ft, 16 units, 36 bedrooms, 20 bathrooms, Gross annual income: $243,000, Operating expenses: $61,692 Strong in-place cash flow with efficient expense ratio. Newer construction = reduced capital expenditure risk. With limited comparable inventory of newer multi-family assets, this portfolio offers a compelling blend of stability, efficiency, and scalability. Ideal for investors seeking immediate yield with long-term hold potential. Offered as a package. Full financials and rent roll available upon request.
Property Information
Status: Active
Sub Type: ********
List Price: $2,400,000
MLS#: 7046788
Current Price: $2,400,000
Address: 220 Maple Avenue SW, Elysian, MN 56028
City: Elysian
State: MN
Postal Code: 56028
Geo Lat: 44.196514
Geo Lon: -93.677102
Subdivision: Hidden Meadows
County: Le Sueur
Property Description
Year Built: 2021
Lot Size SqFt: 93654
Gen Tax: 32158
Specials Inst: 7386
High School: Waterville-Elysian-Morristown
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Total SqFt.: 17280
Style: Array
Total Bedrooms: 5
Total Bathrooms: 3
Total Full Baths:
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Garage Stalls: 0
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Property Features
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Lot Feat/Fld Plain: Array
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